Jaakay:
NASCON ALLIED INDUSTRIES PLC- QUARTER 5 - FINANCIAL STATEMENT FOR 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/40443_NASCON_ALLIED_INDUSTRIES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

1 naira dividend

So why is Nascon result immune to effects of forex loss and naira devaluation. Abi they were selling their products in dollars

Emeka1441:
how person wan take get am..

Talk to your broker or finance house

why do they always quote most result as quarter 5

BHG:



Proposed bonus
Two (2) new ordinary shares of 50 kobo to every hundred (100) existing ordinary shares held by Company shareholders
was proposed at the board meeting held on February 27, 2024 and subject to approval at the Annual General Meeting.

This should be bonus of 1 for 50.....

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Dangsugar sighted at #53
Honestly some market participants are going through hell


BARGAIN HUNTERS TAKE NOTE!

ndept:
This should be bonus of 1 for 50.....

Its small but its something sha. They should have just paid 2naira

SAK:

No news about Dangfood yet??

Nothing but l hope very soon

Mpeace:
Its small but its something sha. They should have just paid 2naira

Maybe NASCON is trying to offload shareholders' possessions in her custody......ahead of Merger.

yMcy56:

Maybe NASCON is trying to offload shareholders' possessions in her custody......ahead of Merger.

Like they want people to sell off their holdings

2zona:

Like they want people to sell off their holdings

HOLD on to your holdings

ositadima1:


I think there is support around the 160-165 region. If it breaks that, then we may see 100. Remember that their shareholder equity was completely eradicated. If the dollar does not return to 750, it will take more than a year or two to get back the lost funds. I see them issuing more new shares to raise funds or increase borrowing, whichever way will dilute shareholders' value. Anyway, time will tell its own story.

Bro you're just analyzing this without any feeling of how much poorer people will become if it goes below ipo price?

Deadlytruth:

I told you to just watch me. My CHAMPION bids are already getting filled. See screenshot below.

You can buy more.

With the qualifications date for the bonus issue, is it safe to presume the merger cannot be before that date of May 6th? Since the stock will need to be on suspension technically before the merger.

yMcy56:

Maybe NASCON is trying to offload shareholders' possessions in her custody......ahead of Merger.

iHaveMadeiT2:

With which money?

Your moniker means you have enough money to keep buying on and on as you like.

2zona:


So why is Nascon result immune to effects of forex loss and naira devaluation. Abi they were selling their products in dollars

The raw materials: iodine, brine from seawater, and fresh water for washing are sourced locally in abundance. In fact, anyone with rudimentary knowledge can produce salt. For equipment, they can either use low-cost solar evaporation or vacuum pan evaporation that requires vacuum pans, crystallizers, and centrifuges, which may not need to be replaced regularly.

In the case of other companies that had foreign exchange losses, a lot of their raw materials and machinery were imported, with some on short-term loans.

Though transportation and packaging costs may go up, the effect will be manageable for salt production companies.

yMcy56:
OANDO from N9 is sighted back @10.45
Battle for the soul of OANDO.....
Peter will come and tell us how he exited the ones he bought at 10.95 and reloaded @9.

GTB seems to have turned it's back against the bear.......true or false? We'll know as market progresses.....
.

OANDO sighted @t #10.50

Sista Mercy as you can see some bargain hunters were able to bail out at 11.60k waiting to reenter at circa #9.

Back in the days O & O nearly sucked us dry now it's our turn to suck the hell out of it.

BARGAIN HUNTERS TAKE NOTE!

Deadlytruth:

Your moniker means you have enough money to keep buying on and on as you like.

WantsandMore:
Bro you're just analyzing this without any feeling of how much poorer people will become if it goes below ipo price?

What I write here is inconsequential in the grand scheme of things. I don't think it has any effect on what the market will do. I am just trying to make a rational guess based on my observations and watch what the market will do. The more I engage in this kind of feedback loop exercise, the better I will get at it.

You should try it, bro.

ositadima1:


What I write here is inconsequential in the grand scheme of things. I don't think it has any effect on what the market will do. I am just trying to make a rational guess based on my observations and watch what the market will do. The more I engage in this kind of feedback loop exercise, the better I will get at it.

You should try it, bro.

have some humanity.

PETERiCHY:


OANDO sighted @t #10.50

Sista Mercy as you can see some bargain hunters were able to bail out at 11.60k waiting to reenter at circa #9.

Back in the days O & O nearly sucked us dry now it's our turn to suck the hell out of it.

BARGAIN HUNTERS TAKE NOTE!

Peter the rock

WantsandMore:
have some humanity.

Deadlytruth:

Your moniker means you have enough money to keep buying on and on as you like.

Zegra:


You can buy more.

Yes, I am loading. It might just be the way to my breakthrough this year. Who knows.

WantsandMore:
Bro you're just analyzing this without any feeling of how much poorer people will become if it goes below ipo price?

Mr MARKET has no EMOTIONS
If you CAN'T take the HEAT better STAY out of KITCHEN.

PETERiCHY:


Mr MARKET has no EMOTIONS
If you CAN'T take the HEAT better STAY out of KITCHEN.

Words on marble.

I thought we were expecting TRANSCORP POWER by 1:30pm today? What's happening? This is almost 2:00pm

Deadlytruth:
I thought we were expecting TRANSCORP POWER by 1:30pm today? What's happening? This is almost 2:00pm

It will be open by 2pm

Jaakay:
With the qualifications date for the bonus issue, is it safe to presume the merger cannot be before that date of May 6th? Since the stock will need to be on suspension technically before the merger.

Is the Corporate Action out already?
I've not seen it o.

One can presume this.......but honestly, we don't know what these people are up to, and they can jump protocol sometimes.

We can only be following the directional and dictates of the market and news updates.

* The issue is that, DANG industries already applied to SEC, what the delay was all about is what we just don't know!!

Testimonies777:


It will be open by 2pm

Thanks

Deadlytruth:
I thought we were expecting TRANSCORP POWER by 1:30pm today? What's happening? This is almost 2:00pm

"SECBoard is suspended"

ogoo4real:


"SECBoard is suspended"

What is the latest? Any details on how present trans corp shareholders will benefit at the listing? What is the best way to go? Wait in Transcorp or sell to KUKUMA load TranscorpPower